Gold: Time to get worried? Or greedy?

With gold falling sharply recently — and the gold ETF GLD -0.02% held in so many individual investors' portfolios these days — let's explore some smart work on the yellow metal.

Mark Dow continues to see gold declining: "all the 'tail-risk reasons' for owning gold and silver are melting away"

• Kid Dynamite encourages some perspective on the gold price decline: "the 6 month chart looks ugly, the 1 year chart looks almost as ugly, the 2 year chart looks the best of all" 

• Gwynn Guilford at Quartz explores how Chinese gold demand could impact prices going forward. 

• Cam Hui compares the Amex Gold Bugs Index (HUI) of miners against the metal price and finds "my inner trader... wants to play the golds for a bounce." 

• Respected geologist/mining sector analyst Brent Cook came out very bearish recently on the gold miners. 

• Mark Hulbert provides five reasons to avoid gold for anything other than the very long term. 

• Gary Tanashian on how sentiment and technical analysis can help at a time like this for gold and gold miners: "It is okay to feel greedy now, in anticipation of coming opportunities in the precious metals." 

• At ZeroHedge, chartist Guy Lerner likes gold futures: "Despite the questionable fundamental picture, I believe this represents a good buying opportunity as price sits at support." 

• Global Macro Monitor finds gold heavily oversold. 

This commentary does not constitute individualized investment advice. The opinions offered herein are not personalized recommendations to buy, sell or hold securities.

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